Ukraine traditionally exports more than 90 per cent of its rapeseed harvest mostly to European countries. -AFP File Photo

KIEV: Pakistan's government has cancelled a deal to buy 40,000 tonnes of Ukrainian rapeseed because its Ukrainian partner had failed to deliver the shipment in time, Kiev-based ProAgro consultancy said on Tuesday.

“The Ukrainian side explains the failure to deliver (the shipment) as being due to  snow, which made it impossible (to move rapeseed to a sea port),” ProAgro said in a report.

The consultancy said Ukrainian rapeseed was supposed to be delivered to Pakistan in January 2013 at $637 per tonne C&F.

Earlier this month, analyst UkrAgroConsult increased its forecast for rapeseed exports from Ukraine by about five per cent in the 2012/13 season to 1.235 million tonnes due to lower domestic processing.

Poor weather during the autumn sowing in 2011 and severe frost reduced the 2012 rapeseed harvest by about 15 per cent to 1.203 million tonnes.

Ukraine traditionally exports more than 90 per cent of its rapeseed harvest mostly to European countries.

The consultancy said Ukraine had exported 895,000 tonnes of rapeseed so far this season.

More From This Section

Ministry set to auction 3G, 4G licences despite more roadblocks

The senate body’s recommendations will not stop the auction process to be held on April 23.

Nawaz vows to spend $1.6bn on Balochistan development

Addressing the cabinet meeting in Islamabad, the prime minister said that he himself will monitor these projects.

KSE-100 closes lower, rupee weakens

The stock market continued to consolidate above 29,000 points due to a holiday in global equity markets

Sindh announces sales tax amnesty

Sindh Revenue Board's amnesty scheme comes into immediate effect for citizens who have so far failed to pay sales tax.


Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Poll
From The Newspaper
Tweets